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Error: "This implementation is not part of the Windows Platform FIPS validated cryptographic algorithms." during PME installation

IssuePME installation crashes immediately after getting past the setup steps. The following message was found in the installation log. "This implementation is not part of the Windows Platform FIPS validated cryptographic algorithms."

Product line
Power Monitoring Expert 7.2.x
Power Monitoring Expert 8.0

Environment
PME installation

Cause
FIPS encryption that is conflicting with WebInspect

Resolution
Your Windows environment may be configured to use FIPS encryption that is conflicting with WebInspect.
To correct this disable the "Local Security Setting System cryptography: Use FIPS compliant algorithms for encryption, hashing, and signing" policy in Windows.
1. Go to Start > Control Panel > Administrative tools > Local Security Policy. The Group Policy dialog appears.
2. Under the "Local Policies" heading, select "Security Options" and look for the entry, "System cryptography: Use FIPS compliant algorithms for encryption, hashing, and signing."
3. If entry this is enabled, disable it.

*Warning: This article contains information about editing the registry. Improper changes to the registry can permanently damage the operating system. Always backup the registry before making any changes.*

Also, open the registry editor by going to Start> Run, type regedit, and press enter and browse to the following path. Make sure this registry subkey is set to 1:
• HKEY_LOCAL_MACHINE\SYSTEM\CurrentControlSet\Control\Lsa\fipsalgorithmpolicy

• IF FIPS (Federal Information Processing Standards) is enable back after installation is completed, the following error will be displayed when trying to open any of the PME Modules.
FIPS needs to remain disabled in order for PME to work successfully.